TREND CONTINUATION TRADE FOR UPCOMING WEEK - USDJPY - LONG
SEE PICS BELOW FOR FULL VIEW!
DAILY CHART
- price still in a strong uptrend
- 113.233 level has not been broken (price moved up nicely from this level last week)
- 113.233 level has been tested as S/R in the past
https://www.tradingview.com/x/0X75KsJg/
4 HOUR CHART
- price still in a uptrend
- price respecting a trendline which has been respected in the past
- price making higher highs and higher lows
https://www.tradingview.com/x/cJIm2fv3/
1 HOUR CHART
- price in a uptrend (confluence with all other timeframes)
- looking for price to test and reject the uptrend trendline
https://www.tradingview.com/x/3Wgz3o9e/
TARGET
- looking for price to move up and retest level 114.200
DAILY CHART
- price still in a strong uptrend
- 113.233 level has not been broken (price moved up nicely from this level last week)
- 113.233 level has been tested as S/R in the past
https://www.tradingview.com/x/0X75KsJg/
4 HOUR CHART
- price still in a uptrend
- price respecting a trendline which has been respected in the past
- price making higher highs and higher lows
https://www.tradingview.com/x/cJIm2fv3/
1 HOUR CHART
- price in a uptrend (confluence with all other timeframes)
- looking for price to test and reject the uptrend trendline
https://www.tradingview.com/x/3Wgz3o9e/
TARGET
- looking for price to move up and retest level 114.200
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.